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Re: TheGent post# 16343

Friday, 03/13/2009 10:04:12 AM

Friday, March 13, 2009 10:04:12 AM

Post# of 41474
Yep, trying to slow down the exodus (dumping of shares).

This is the first time in months that anyone has had the ability to sell any meaningful volume of shares, including dilutive shares. Prior to the reverse split, the company was seeing mostly "NO BID" conditions.

I'm guessing a "lettrer of intent" Pr will be put out soon to try to slow the selling again. Probably some revenue projection fluff talking about advertising potential to try to keep more from dumping, too.
It may even be re-hashed from previous press releases, since this is what they often try.

Next, I'm guessing there will be another private placement needed or toxic death spiral convertible financing needed, rekindling dilution concerns. Watch out for paper filings with the SEC for private placement, like last time. No details will be easily available, beause it won't be in electronic format, IMO....like last time.

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